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CCL · Carnival Corp Ltd.

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$24.65 -0.46 (-1.83%) At close · Sep 30
S&P 500 member Russell 1000 member Rebalance outlook locked
Market Cap
$33.76B
Shares
1.34B
Volume · Sep 30 36.14M Avg daily vol (3M) 20.53M

Price & Indicators

Drag to pan · scroll to zoom
Indicators
Price
Panels
Event markers
20d MA 50d MA 200d MA Earnings Filing Insider Congress Investor day
Close$25.11 Open$24.39 Day$24.00–25.29 52W close$21.79–33.99 Avg vol 30d23.5M Short int48.2M · 3.6% float · 2.5d Short vol42% Last earningsSep 29, 2026 DataJan 2020–Sep 2026 Filing10-Q · Sep 29

Up next

Next earnings call
Dec 31, 2026 Est · unconfirmed · in 13 wks
Latest filing: 10-Q
filed Sep 29, 2026
Q3 2026 earnings call transcript
call held Sep 29, 2026

Metrics snapshot

Useful current figures from the complete screener profile.

Revenue (TTM)
$27.59B
Trailing 12 months
Net income (TTM)
$3.14B
Trailing 12 months
Revenue growth YoY
+3.5%
Year over year
Operating margin
16.0%
Trailing 12 months
P / E (TTM)
10.9
Trailing earnings · reciprocal yield 9.2%
FCF yield
9.4%
TTM · current market cap
Return on invested capital
—
Trailing 12 months
Net cash
—
Latest balance sheet
Dividend yield
—
Trailing 12 months
Shares change YoY
-2.4%
Year over year · fewer shares
Price change (1Y)
-14.6%
Trailing year
Short interest
3.6%
Latest settlement · 2.5 days to cover
View all 115 metrics

AI Brief

Q3 FY26 earnings call · Sep 29, 2026
Q3 FY26

TL;DR. Carnival posted record Q3 revenues, yields, and net income, beating June guidance on net income by over $100M, and raised full-year adjusted EPS guidance to $2.24 (up $0.02) driven by operational improvements that more than offset a $150M fuel headwind. The company also reported record customer deposits of $7.6 billion, with 2027 already half-booked at record occupancy and pricing, and completed ~$1.2B in share buybacks year-to-date.

Bullish
  • + Q3 net income beat June guidance by over $100M, with revenues and yields at all-time highs
  • + Net yields grew nearly 2.5% in Q3, over a point better than June guidance
  • + Full-year adjusted EPS guidance raised to $2.24, a $0.02 increase from prior guidance
  • + Adjusted cruise costs excluding fuel per ALBD came in 100 bps better than guidance and full-year cost outlook improved by more than a point
  • + Customer deposits hit a Q3 record of approximately $7.6 billion, up about 7% year-over-year on flat capacity
  • + 2027 already half-booked with occupancy and pricing at record levels, supporting momentum into next year
Bearish
  • − Fuel cost per metric ton consumed rose sharply to $826 in Q3 from $607 a year ago
  • − Spring booking disruption extends into Q1 2027, weighing on early 2027 yields
  • − New Carnival Rewards loyalty program creates a ~0.4 point accounting-driven yield headwind for full-year 2027
  • − Industry-wide Caribbean capacity growth pressures pricing in the region, though Carnival remains committed

AI-generated from the earnings call and 8-K · may contain errors · not investment advice

Equibles Rating

blended score · not investment advice
Overall
Sell
SellHoldBuy
Technical Neutral Momentum Weak Sentiment Bearish Fundamentals Strong Quant / Vol High
Market backdrop VIX 16 · calm Equity put/call 0.38
Technical
price trend
Neutral
50 / 200-day cross No cross
Price vs 200-day avg −9%
below
Price vs 50-day avg −1%
below
RSI (14) 62
neutral
MACD trend Positive
52-week position 27%
mid-range
Volume (OBV) Bearish div.
distributing
Momentum
relative strength
Weak
1-month return +5%
trailing
6-month return −10%
trailing
YTD return −18%
this year
Relative strength −23%
vs S&P · 6-mo
Sentiment
smart money
Bearish
Trend (MA cross) No cross
50d $25 › 200d $28 — 200d above 50d
Institutional flow Distributing
-1% holders QoQ · +163 funds added
Insider flow Flat
No net insider activity over 90 days
Short interest Rising
3.58% of float · ▲ +12.2% MoM · 2.5 days cover
Volume signal Normal
Volume near normal
Institution breadth Steady
1,046 holders — mid 3-yr range
Squeeze score 78
high risk · 0–100
Fundamentals
Strong
Revenue growth +8%
Y/Y
EPS growth +40%
Y/Y
Free cash flow $2.6B
Valuation P/E 10.9
below peers
Buyback $2.5B
authorized
Balance sheet $24.7B
net debt
Quant / Vol
risk profile
High
Volatility 49%
annualized · 1-yr
Max drawdown −36%
past year
ATR 3.8%
of price · 14-day

Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.

Guidance & track record

Latest guidance · from the Earnings Call filed Sep 29, 2026
full year
EPS guidance $2.24
2027
Capacity increase 0.5%
Prior guidance period ended · from the 8-K filed Jun 23, 2026
Depreciation and amortization expense (in billions) · 3Q 2026 $740M
Interest expense, net of capitalized interest and interest incom · 3Q 2026 $270M

Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.

Technicals

trend & momentum for long-term holders Neutral
2 · 4 · 1
50 / 200-day cross
No cross Neutral
Price vs 200-day avg
−9% Bearish
Price vs 50-day avg
−1% Neutral
RSI (14)
62 Neutral
MACD trend
Positive Bullish
52-week position
27% Neutral
Volume (OBV)
Bearish div. Bearish
Market signals — smart money & positioning
Bearish · 2 of 6
Trend (MA cross) No cross
50d $25 › 200d $28 — 200d above 50d
Institutional flow Distributing
-1% holders QoQ · +163 funds added
Insider flow Flat
No net insider activity over 90 days
Short interest Rising
3.58% of float · ▲ +12.2% MoM · 2.5 days cover
Volume signal Normal
Volume near normal
Institution breadth Steady
1,046 holders — mid 3-yr range
Price context
position in its 52-week range
Range low $22 Now $25 · 27% Range high $34
vs 200-day avg -9% vs 50-day avg -1%

Illustrative technical + ownership context — a signal mix, not investment advice.

Key metrics

the company's own KPIs, from written earnings releases and filings
Metric Latest Period YoY
Adjusted cruise costs excluding fuel per ALBD non-GAAP $119.12 Nine Months Ended August 31, 2026 —
Adjusted cruise costs excluding fuel per ALBD (in constant currency) non-GAAP 1.8% Q3 2026 —
Adjusted cruise costs excluding fuel per ALBD - Constant Currency non-GAAP $117.09 Nine Months Ended August 31, 2026 —
Adjusted cruise costs per ALBD non-GAAP $141.05 Nine Months Ended August 31, 2026 —
Adjusted cruise costs per ALBD - Constant Currency non-GAAP $139 Nine Months Ended August 31, 2026 —
Adjusted earnings per share - diluted non-GAAP $2.03 Nine Months Ended August 31, 2026 —
Adjusted EBITDA non-GAAP $5.84B Nine Months Ended August 31, 2026 —
Adjusted gross margin non-GAAP $6.36B Three Months Ended August 31 —
Adjusted net income non-GAAP $2.81B Nine Months Ended August 31, 2026 —
Cruise costs per ALBD $207.92 Nine Months Ended August 31, 2026 —
Customer deposits $7.6B Q3 2026 —
Dividends distributed $204M Q3 2026 —
Dividends distributed year to date $618M Year to date 2026 —
Gross margin yields (per ALBD) $85.94 Nine Months Ended August 31, 2026 —
Net yields (in constant currency) non-GAAP 2.4% Q3 2026 —
Net yields (per ALBD) non-GAAP $220.8 Nine Months Ended August 31, 2026 —
Net yields (per ALBD) - Constant Currency non-GAAP $216.99 Nine Months Ended August 31, 2026 —
Share repurchases since the beginning of the third quarter $800M Q3 2026 —
Share repurchases year to date $1.2B Year to date 2026 —
Capacity increase in ALBDs 2% Three Months Ended May 31, 2026 filing —

Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period

Versus peers

Travel Services — same industry group
Open screener →
Company Mkt cap YTD Rev growth Y/Y P/E Short % shares
CCL
Carnival Corp Ltd.
this stock
$33.76B -17.8% +7.8% 10.9 3.6%
BKNG
Booking Holdings Inc.
 $121.98B — +13.4% 18.0 2.6%
ABNB
Airbnb, Inc.
 $93.83B +15.6% +10.3% 34.9 2.4%
RCL
Royal Caribbean Cruises Ltd
 $64.91B -6.5% +3.3% 15.0 3.8%
VIK
Viking Holdings Ltd
 $35.87B +10.2% — — 1.7%

Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding

At a glance

key data from every section
Ownership
Institutional Holders Accumulating
Holders
1,046
% held
76.4%
Net QoQ
+83.6M sh
Top holder
BlackRock, Inc.
Held Float
View
Held by Funds
Fund positions
284
View
Short & Settlement
Short Interest Rising
Shares short
48.2M
Days to cover
2.5d
Change
+5.2M sh
View
Short Volume
Short vol %
42%
As of
Sep 30, 2026
Short Total
View
Fails to Deliver
FTD shares
7
Value
$159
As of
Sep 14, 2026
View
Off-Exchange
Off-exchange %
46.9%
Week of
Aug 24, 2026
Off-exch Lit
View
Smart Money
Congressional Trades Buy
Member
Thomas H Tuberville
Amount
$1.0K–$15.0K
Traded
Apr 29, 2024
View
Financials
Financials
Revenue (FY)
$26.6B
Net income (FY)
$2.8B
EPS diluted
$2.02
View
Buybacks
Authorized
$2.5B
View
Filings
SEC Filings
Latest
8-K
Filed
Sep 29, 2026
This year
13
View
Proposed Sales
Value
$1.2M
Shares
43.1K
Filed
May 28, 2026
View
Earnings & Events
Earnings Calls
Last call
Sep 29, 2026
View

Performance

5D 20D 120D MTD YTD
CCL +12.7% +5.1% -10.4% +5.1% -17.8%
SPY -1.2% -0.4% +13.1% -0.4% +12.1%
vs SPY +13.9% +5.5% -23.5% +5.5% -29.9%

Capital returns

Buyback program · as of Mar 27, 2026
Authorized
$2.50B
Spent (derived)
—
Remaining
—

Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.

Key facts CIK 815097 CUSIP G2004J103 13F (30d) 26 filings 16 filers Visit website Investor relations